March 5, 2012

SPY Multiple Time frames

  • 15 Minutes chart shows the correction from diamond pattern.
  • Four hour chart shows important support line violation.
  • One hour chart shows price testing 100 Hour SMA. If this line holds We may see an up move.
  • IBM RESISTANCE LINE AND RANGE BREAKOUT

IBM Range breakout and Resistance line

  • IBM 30 Minutes chart shown with range breakout.
  • For Bulls of IBM price need to sustain above the resistance line shown in Daily chart.
  • Failing to close above the daily resistance line may result in a fall.
  • ES SUPPORT LEVELS

COPPER Support levels

  • Copper near trend line and 50 day SMA
  • Rising 50 SMA may act as support level.
  • For a bigger fall price should close below 50 SMA

ES Trend update

  • ES Near important support levels.
  • For a bigger fall price has to break the support line.
  • For a trend change price has to break below the cloud.
  • SILVER MULTIPLE TIME FRAMES

SILVER Multiple time frames

  • Silver hour has fallen below 200 Day SMA. If the fall continues price may test the shaded portion.
  • 200 period SMA in 4 hour chart may act as support.
  • One hour chart shows price falling from a descending triangle pattern.

NIFTY Spot and Futures support levels

30 MINUTES CHART
NIFTY FUTURES WEEKLY

  • Nifty sport support line is at 5268. 
  • Weekly chart shows support in the form of 50 Week SMA for spot and futures. Day closing below 50 WSMA will favor bears for extending this decline.